Can we get a VA loan for an acreage to build on later?

No.. First, VA is only for Owner Occupied Properties as your Primary Residence.. you cannot occupy vacant land.. 2nd, it would be very difficult to obtain a VA construction loan.. Not impossible, but very difficult.. VA does not lend money.. they only insure loans against default.. Most lenders wont do a VA construction loan.. to understand all your financing options, it's best you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Easy answer is no. VA is not a bare land loan.

Land or lot loans are different than residential mortgages like VA, usually you'll need to put at least 10% and possibly up to 30% down - especially if it is a larger piece of property.